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Google Cuts Another 1,200 Jobs at Motorola

It follows 4,000 layoffs at the company last summer


motorola 630 futureAnother round of pink slips is going out at Google‘s (NASDAQ:GOOG) Motorola unit.

The mobile device maker will shed 1,200 workers under the latest round of job cuts. Google purchased Motorola in 2012 for $12.4 billion, mainly to acquire the company’s portfolio of technology patents, the Associated Press noted.

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Since the takeover, Google has struggled to turnaround Motorola’s operations and integrate the company with its other businesses. Operating losses at Motorola have hit $1.1 billion since the acquisition was finalized.

Late last year, Google sold the company’s set-top box business to Arris Group (NASDAQ:ARRS), in a deal worth $2.35 billion. Roughly 7,000 Motorola workers are employed in the set-top box unit.

In June, Google said it would slash Motorola’s payroll by 4,000 workers.

Shares of Google slipped fractionally in Friday morning trading.

Article printed from InvestorPlace Media,

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